Hello, i always wondered why ampl market is so inefficient, its a algorhytmic stablecoin which stays arround 1 USD by changing its Supply.
Historically its trading between 0.5-2 USD and is currently is at the resistance again...i dont understand why people are buying here, knowing it is going back to 1 USD.
Shorting with 1x Leverage in my sell zone (red lines) is basically risk free money as theres no way this is going to 3+ USD (atleast chances are very very low)
Lots of people shorting it on FTX already as premium is negative as this is basically a free money glitch.
Expecting Ampl to go to under 0.75 in the coming weeks,months. Thats where im closing this short.
Be careful, i believe Crypto bubble is bursting after this correction.
Please only invest what u can afford to loose in crypto (and this idea).
DYOR and please leave a like =)
Historically its trading between 0.5-2 USD and is currently is at the resistance again...i dont understand why people are buying here, knowing it is going back to 1 USD.
Shorting with 1x Leverage in my sell zone (red lines) is basically risk free money as theres no way this is going to 3+ USD (atleast chances are very very low)
Lots of people shorting it on FTX already as premium is negative as this is basically a free money glitch.
Expecting Ampl to go to under 0.75 in the coming weeks,months. Thats where im closing this short.
Be careful, i believe Crypto bubble is bursting after this correction.
Please only invest what u can afford to loose in crypto (and this idea).
DYOR and please leave a like =)
Comment:
looking good so far, this was likely the top :)
Comment:
propably good time to take profits.